New HMDA the Next TRID?

11/07/2017
Featured Video Play Icon

Is the new HMDA the next TRID?  That’s the way it looks to us…  What are your thoughts?

CLICK HERE to see the list.

Comments

comments

Comments

One thought on “New HMDA the Next TRID?”

  1. Richard Tillett says:

    I want to warn brokers NOT to sign up with Flagstar. They are not a good company to work with. They will come after you and cost you money. I closed a loan with them in 2006 when I was a dba of another company and evidently the borrower obtained more debt right before closing and Flagstar did not pull a credit refresh. Flagstar had to buy the loan back from Fannie and even though borrower still in house and making payments now; he was behind 5 years ago. The Flagstar lawyer filed suit for over $40,000 even though I was just a mortgage brokerage business working as a dba for a company that went out of business in 2010. I since incorporated in 2011 and am still just a mortgage broker; not a licensed lender. I am sure the attorney is just a scum bag ambulance chasing attorney, but I could not take the chance and had to hire my own attorney and we have negotiated a much smaller amount. I have not been signed up with Flagstar since 2010, but the Flagstar reps did not seem to care. So do NOT sign up with Flagstar.

Leave a Reply

Your email address will not be published. Required fields are marked *

Menu Title